MAAT INDEX

CLAIM #20548 · DHR (DHR) · 2022Q2 earnings call · Jul 21, 2022 · due Sep 30, 2022

And then for Q3, revenue is going to be down $200 million year-over-year, and that is all due to FX headwinds.

Matt McGrew · CFO

PENDING
graded after results covering Sep 30, 2022 are reported

In context

wth in the base business and overall kind of mid-single-digit core growth inclusive of test. Like we talked about a little bit earlier Q2, our performance gave us the ability to fully offset all over the second half FX headwinds. So you'll see that in sort of the margins. 400 million of incremental FX here since April talking about 1.3 billion, almost 5% for the full year from a revenue perspective, so no doubt for the second half will have. That FX will have an impact worse than it even did in the first half. But despite that additional FX headwind, we expect to be at the high-end of the range that we talked about earlier of 20% to 25% from a fall through perspective. So, I mean, just kind of give you that color of where we think we'll be here in the second half inclusive of FX headwind. And then for Q3, revenue is going to be down $200 million year-over-year, and that is all due to FX headwinds. So if you think about it, we're going to have, call it $400 million of FX headwinds, couple hundred million of core growth and acquisitions, but net-net we're going to be negative here in the year. And from a – I realize from a modeling perspective, it sort of fall through in a negative environment isn't all that meaningful. So I think maybe the easier way to think about where we're thinking about for Q3 is we're expecting our EBITDA margins to be about 30% in the quarter. And so hopefully with that, and then the full year frame, right on 20% to 25% you can kind of – it frames a little bit of what we're thinking about for sort of the back half from a margin perspective. Hopefully that's helpful. Vijay Kumar: That's helpful, Matt. I'm sorry that on 2023 is 35% to 40% still the right number

Verify independently

SEC filings for DHR · Claim quote is verbatim from the 2022Q2 earnings call.